H-P leads hardware stocks down, but broad sector rises
Last update: 9:37 a.m. EST Feb. 19, 2009
SAN FRANCISCO (MarketWatch) -- Technology stocks put in a mixed early trading performance Thursday as the overall sector rose, but several hardware leaders followed Hewlett-Packard Co. (HPQ:Hewlett-Packard Co.
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Last: 31.54-2.54-7.45%
HPQ 31.54, -2.54, -7.4%) into the red. H-P shares fell $1.88, or 5.5%, to $32.19 after the company gave a disappointing quarterly report and outlook late Wednesday. With H-P in the lead, other computer stocks such as IBM Corp. (IBM:International Business Machines
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Last: 90.00-1.51-1.65%
IBM 90.00, -1.51, -1.6%) , Dell Inc. (DELL:dell inc com
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Last: 8.40-0.25-2.86%
DELL 8.40, -0.25, -2.9%) and Apple Inc. (AAPL:Apple Inc
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Last: 91.97-2.40-2.54%
AAPL 91.97, -2.40, -2.5%) lost ground. However, the tech-heavy Nasdaq Composite Index ($COMPQ:Nasdaq Composite Index
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Last: 1,476.86+8.89+0.61%
$COMPQ 1,476.86, +8.89, +0.6%) rose more than 13 points to 1,480 due to gains in other tech areas.
